Role Summary

Our client, ICEA LION General Insurance Company Limited is a subsidiary of a large stable Financial Services Group, ICEA LION Holdings with a footprint across East Africa. The company is seeking to recruit an exceptional, visionary, and results-oriented professional to fill the role of Finance Manager.

The Finance Manager will assist the Chief Finance Officer (CFO) in the management, administration and coordination of finance department activities. These will include continuous development and monitoring of internal controls, protecting and growing company assets, fostering operational efficiency, contribution to the implementation of company strategic initiatives, and facilitation of accurate and timely financial performance reporting to support management decisions.

Roles & Responsibilities

• Manage the Company’s technical financial & accounting matters.
• Oversee the monitoring and implementation of key financial controls across the Finance value chain.
• Develop team members through coaching and mentoring.
• Assist the CFO in the development and management of the Company’s annual business budgets.
• Monitoring of and reporting on Company budgetary discipline for efficiency.
• Participate in the development of financial performance measures that support the Company’s strategic direction.
• Conducting meaningful proactive financial analysis to inform and support key business decisions.
• Assist the CFO in Capital management and allocation strategy execution.
• Constantly review and ensure compliance with the approved investment mix.
• Regularly monitor and review investment performance reports from various service providers such as fund and property managers.
• Regularly review the accounting and financial systems to enhance efficiency.
• Establish and monitor internal control processes required to manage and grow the business.
• Proactively work with the internal audit team to identify and implement financial control improvements.
• Supervise the Company’s transaction processing systems.
• Ensure that accounting record keeping meets the requirements of auditors, regulatory agencies and applicable standards.
• Ensuring that key Company account reconciliations are conducted regularly and outstanding items promptly resolved.
• Collaborate with the procurement function in the relevant value chain management.
• Assist in providing operating departments with appropriate guidance on raising of accounting transactions.
• Active monitoring of changes in tax legislation and ensure compliance.
• Timely remittance of all applicable taxes.
• Ensure all relevant returns including annual license application are filed accurately and in a timely manner.
• Ensure that the Company complies with the relevant legal and regulatory requirements.
• Ensure timely and accurate preparation and review of periodic and ad hoc management reports.
• Work with the operations team and report on key performance metrics driving financial results.
• Review and ensure timely filing of statutory and regulatory returns.
• Work with external auditors to ensure timely closure of statutory audits.
• Timely implementation of internal & external audit recommendations.

Requirements

• Bachelor of Commerce Accounting degree from a recognized university.
• CPA (K) or ACCA professional qualification.
• Member of ICPAK or a recognized Accounting body and in good standing.
• Accounting, Audit and (or) Actuarial background and experience.
• A minimum of six (6) years of post-qualification experience with at least three (3) years in a management position
• Knowledge or experience in the Insurance industry will be an added advantage
• Good working knowledge and understanding of International Financial Reporting Standards with a good understanding of IFRS 17
• Excellence in Data Analytics will be an added advantage